FZO BiH praised for energy efficiency revolving fund
The Environmental Fund of the Federation of Bosnia and Herzegovina (FZO BiH) said was recognized by relevant experts in Berlin for being the first in the region to launch a revolving fund to finance energy efficiency projects. The institution participated in the Green Energy Summer School organized by the United Nations Development Programme. The move aims to […]
State mulls scrapping development of 1 GW hydro plant
The government in Bucharest is considering the option to abandoning a renewable energy project worth EUR 1 billion. Energy minister Victor Grigorescu said Romania’s cabinet is looking for alternatives for hydro pumped storage unit Tarnița – Lăpuștești, designed for 1 GW, as quoted by News.ro on September 7. There are prospects to switch to several […]
EBRD unveils enhanced home refurbishment funds
The European Bank for Reconstruction and Development set EUR 20 million in loans for energy efficiency measures for households, enhanced by a grant of EUR 4.4 million from the Kozloduy International Decommissioning Support Fund (KIDSF). Larisa Manastirli, the international financing institution’s manager for Bulgaria, said on September 1 its investments this year climbed to EUR […]
EIB mulls support for onshore wind farms project
A special purpose entity – private company not from the utilities sector, which promotes a project for three wind farms in Tanagra municipality in Viotia prefecture, applied for funding support, the European Investment Bank said on August 25. The portfolio includes the construction and operation of facilities with an overall capacity of 50 MW in […]
EBRD funds clean technology in Tüpraş, Şişecam
A long-term loan agreement of EUR 42 million was signed by the European Bank for Reconstruction and Development and glass producer Türkiye Şişe ve Cam Fabrikaları AŞ (Şişecam), with the aim to finance recycling and energy efficiency. The bank said it will also support the largest resource efficiency program in the Turkish industrial sector to […]
Piraeus Bank Bulgaria to finance residential energy efficiency
The European Bank for Reconstruction and Development (EBRD) said it is providing a EUR 10 million loan complemented by technical assistance to Piraeus Bank Bulgaria (PBB). The loan is provided under the new extension of the Residential Energy Efficiency Credit Line (REECL), a framework established by the EBRD in 2005. As the partnership continues, PBB […]
BPB Bank enters EBRD’s green energy programme
A new bank in Kosovo* has joined the energy efficiency financing programme of the European Bank for Reconstruction and Development. Under an agreement signed by Suma Chakrabarti, EBRD’s president, and Arton Celina, the chief executive officer of BPB, the bank will receive a EUR 1 million credit line for on-lending to small and medium-sized enterprises […]
EIB opens credit line for energy, environment
The European Investment Bank said it approved a EUR 50 million credit line to SID Bank d.d., Slovenia’s national export and development entity, to finance smaller projects of municipalities and public firms as well as small and medium-sized enterprises and midcap companies in the areas of infrastructure, energy efficiency and the environment. EIB funds will […]